Africa-Press – Cape verde. Political parties with parliamentary seats maintain intact the initial position on who should oversee the sovereign private investment guarantee fund, returned to Parliament by the President of the Republic. The diploma returns to the debate in the first session of March, which starts next Wednesday.
The new version of the law, which creates the Sovereign Private Investment Guarantee Fund, approved in Parliament at the end of November, transfers the supervision of the fund from Banco de Cabo Verde to the Auditor General of the Securities Market.
José Maria Neves returned the diploma to Parliament to be reassessed and to explain the reasons justifying the transfer of powers. The decision of the head of state pleases the PAICV, which, according to deputy Demis Lobo, will maintain its position in relation to the proposal.
“It is essential to ensure that the entity with competence to supervise this sovereign wealth fund has effective independence, has the resources, namely the technical resources, that are necessary, has the necessary experience and has strong intervention powers, when necessary. ”, defended the parliamentarian.
According to Demis Lobo, the PAICV recognizes these requirements in the Central Bank, but not in the Auditor General of the Securities Market. Following the return to Parliament, the Prime Minister admitted the possibility of introducing a specific amendment to the diploma, keeping the supervision of the fund under the supervision of the BCV.
Opening
For his part, the deputy prime minister, Olavo Correia, showed openness to the debate with the deputies. The MpD parliamentary bench is not closed to changes, but for now, says leader João Gomes, the best option is to keep the diploma as it is.
“We have studied the issue in depth and we defend that the proposal that the Government took to the Assembly and that was approved is the best. Now, as a parliamentary group, we never close the door to possible changes, although, in this case, there is no reason to change, because, from our point of view, it is the position that best defends the interests of Cape Verde”, he explained.
The UCID also sees no difficulty in having the Auditor General of the Securities Market oversee the fund. “We understand that the country is one, several other financial institutions have the same control, and we do not see any difficulty in having the fund also supervised by the AGMVM. Basically, the audit itself depends on the BCV”, explained António Monteiro.
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